After Merchant Resources called the 1-800 listed on each of these merchant services, a variety of differences and cost of each of these credit card merchant services have been discovered. The compilation below:

Square Reader

• Base Retail Visa/MC rate of 2.75% • Key Entered Rate of 3.5%

The square reader rates are extremely high, especially if your average ticket is over fifty dollars.

Merchant Resources has been in the business for over 20 years, knowing “for a fact” that the rate, no matter what the card is, is NOT 1.8%. It seems Wells Fargo has to train their merchant services department what the actual fees are.

Costco

• Base Retail Visa/MC rate of 1.38% and 19 cents • Rewards Cards Visa/MC rate of 1.99% and 19 cents • Business Cards Visa/MC rate of 2.65% and 29 cents • Foreign and Government Cards Visa/MC 3.55% and 29 cents • Lease of terminal for $30 a month for 2 years or purchase terminal for $489 • Need to be an executive Costco member, so you need to pay $110 a year